Finding Answers

Physics is governed by laws and theories that help scientists understand how our universe works.  There is the Theory of Relativity, the String Theory, and Newton’s Laws.  So it is with business.  While there are theories out there that you can put to use in helping make your business successful, there are also business laws that you violate at your own peril.  One of the most famous laws is the Law of Location.

Your office, your shop, your website, and you attendance at networking events are proof of the Law of Location at work.  If you are where your potential clients and customers are then you will most likely be successful.  Conversely if you are in a place where there are no potential clients then… it is going to be very hard to be successful.

The same Law of Location applies to where your business should spend its time in social media.  Your chances of having successful engagements and conversations will be best served if you are in the right location.

I want to put a ding in the universe. – Steve Jobs

Facebook, Twitter, and LinkedIn Oh! My!

Facebook and Twitter are household names.  You may have a personal profile on both of them.  There is no doubt that both are growing and being used more by businesses to communicate with their customers.  The latest stats show that the trend for the use of Facebook will most likely eclipse the use of Google.1 Yet is that the right platform for your business?

A great place for a high traffic newsstand?

Twitter is a real time streaming platform that only allows you to communicate in 140 characters or less.  Dell, Starbucks, JetBlue, and Whole Foods are considered the most successful corporations that use Twitter.  Dell is even reporting that it has earned up to $3 million in sales through its use of Twitter.2 Can your business really provide value in a rapid-fire environment like that?

The answer to these questions comes back to knowing your market, your business, and your customer.  Before you even jump into social media, you better have that knowledge firmly researched and understood.  The best way to do that is… ask your customers!  Ask them if, when, where, and how they engage in social media.  Doing this diligent research will save you the time (which always equals money) that you will invest in your social media effort.

So get cracking and do the necessary research before you even begin your campaign.  You might even discover that social media is not right for your business.  Yet, I highly doubt that.  The reality is that you will most likely discover that there are only a few platforms that are right for your business.

I like the atmosphere, the food and the beer.  The location is perfect, very easy to get to. – Arun Das

Communicate Correctly At Your Location

This sounds like that should be something that is easy to do, but sadly many businesses do this incorrectly.  Each social media platform has its own rules for engagement and the community expects you to get it right.  Otherwise you will be ignored or worse… labeled as a spammer!

It is the same when you would research a physical location for your business.  Not only would you look at the traffic that will place clients at your doorstep, but also at the rules and laws you have to follow to advertise to that traffic.  The same applies to social media, although without the official laws and codes that can land you with fines.

Shouting! The best way to shut communication down!

One of the bet ways to understand the nature of the communication of the social platform you have chosen is to observe.  Watch how your clients communicate with your competition, other customers and in other markets outside yours.  Passively observe your competition and how they communicate with your market.  By listening – which can only be active when applied to social media – you will learn what works, what offends, and what is… boring.  This information will help you create content that engages and builds a conversation around it.

Remember that business is a transaction between people.  For that transaction to take place ideas, concepts, and values have to be communicated in a means that is easily understood by all parties involved.  That means you have to listen to be an effective communicator in the real world and in social media.

I like to listen.  I have learned a great deal from listening carefully.  Most people never listen. – Ernest Hemingway

Successful use of social media is being in the right location and being involved.  That means a give and take and letting the conversation flow like a river.  To allow that conversation to flow you have to give up control and trust those you have engaged with.  Most businesses have a hard time doing that.

Yet, if you are in the right location and you trust your customers, then there is nothing to worry about.  In the process you will learn the underlying needs, ingenious uses of your products/services that would remain hidden, and of new opportunities all by being open.

Do your homework.  Find the social media location where you and your business belong.  Listen, engage, and communicate in the correct way for your social media location.  Allow for the serendipity to begin!

What other ways are there for you to find the right social media location for your business?

2 Miller, C. C. “Dell Says It Earned $3 Million From Twitter” New York Times, 12 June 2009.